Albertsons Presses Reset Button as Inflation Presses Its Customers

Source excerpt · PYMNTS

Grocery giant Albertsons is planning an extensive overhaul as inflation continues to hinder consumer spending. The company released quarterly earnings Tuesday (Oct. 13) showing a sales dip of 0.8%, and said it was pausing its financial guidance as it undertakes a sweeping business review. “Sales and earnings growth have not met our expectations,” Meg Whitman, Albertsons’ recently appointed executi…